South America Automotive Adhesives Market
Automotive adhesives are used as bonding agents to bond various components in automotive. They offer various characteristics, such as toughness, lightweight, and enhanced strength, as compared to conventional bonding methods in automotive applications.
The major factor driving the automotive adhesives market is the growing demand for lightweight and low-carbon-emitting vehicles. The increase in environmental concerns has led to a shift toward the usage of water-based adhesives. On the flipside, a decline in automotive production in South America, mainly in Brazil and Argentina, has had a significant impact on market growth. The South American automotive adhesive market has been segmented on the basis of technology into water-borne, solvent-borne, and reactive adhesives.
By technology, reactive adhesives are expected to dominate the South American automotive adhesive market during the forecast period. Reactive adhesives are generally preferred over solvent-borne adhesives, since they have a higher bond strength and long-term durability under severe environmental conditions. However, with a significant decline in automotive production in the region, the automotive adhesive market has been severely impacted in the region.
AREAS WITH SCOPE FOR THE SOUTH AMERICAN AUTOMOTIVE ADHESIVE MARKET
The demand for bio-based adhesives is expected to increase during the forecast period. This shall serve as a major opportunity for the South American automotive adhesive market to recover from the current market scenario.
Source: Mordor Intelligence Analysis
Why purchase the South America Automotive Adhesives Market Report?
To know as to how the increasing demand for lightweight vehicles may impact the South American automotive adhesive market.
To analyze the various market perspectives with the help of Porter’s five forces analysis.
To know about the technology that is expected to dominate the market.
To know about the country that is expected to witness the fastest growth.
To identify the latest developments, market shares, and strategies employed by major market players, such as:
Hernon Manufacturing Inc.
Avery Dennison Corporation
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